My question would be “what is SEC guidance on time after sending notification before taking action?”
What I’ve typically seen in regulations is 180 days. This would be about 150 days since December and it’s before the new rules in June.
To me, the timing seems funny, but again, I haven’t dug into the SEC requirements for follow up on notices of delinquency. Maybe I’ll have some time to read some today or over the weekend.
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